We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Allianz Life Insurance Sales Up, Annuities Down

    August 3, 2012 by Business Wire, Inc.

    MINNEAPOLIS–(BUSINESS WIRE)– Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life®) posted operating profit of $381 million for the first half of 2012 compared to profit of $315 million during the first six months of 2011. A growing asset base combined with gains realized on investments was the driving force behind the strong profit performance.

    Total assets under management reached $99.6 billion, representing 9% growth compared to a year ago. Sustained customer balances coupled with positive investment returns generated this growth. New product offerings during the period enhanced Allianz Life’s position as the leading provider of fixed index annuities in the United States, according to AnnuitySpecs.com.

    Historically low interest rates continue to challenge performance as sales volumes during the first half of the year were mixed. Allianz Life reported premiums of $5.2 billion for the first half of 2012, compared to $5.6 billion in the first half of 2011. Fixed annuity premium of $2.9 billion was down 15% year-to-date compared to 2011 and variable annuity premium of $2.0 billion was flat. Sales of life insurance were $31 million, up more than 100% year-to-date from 2011.

    “We are pleased with our year-to-date operating profit, but remain vigilant and are actively managing today’s unique environment for life insurers,” said Allianz Life President & CEO Walter White. “While current market conditions pose a challenge, we continue to capitalize on an excellent opportunity to provide annuities and life insurance that Americans can rely on to help protect and grow their retirement income.”

    Financial ratings agencies have recently affirmed Allianz Life’s financial strength rating. In June, A.M. Best affirmed the company’s financial strength rating as A (Excellent) and assigned a stable outlook. The A.M. Best rating of A (Excellent) is the third highest of 16 possible ratings.

    Allianz Life was also recognized as a top Minnesota employer during the first half of 2012. Allianz Life nationally placed No. 51 on the FORTUNE 100 Best Companies to Work For list, making it the highest ranking Minnesota company on this prestigious list of employers. Similarly, the Minneapolis Star Tribune named Allianz Life No. 13 among the top 100 Workplaces when compared to other large companies in the state of Minnesota.

    “Our employees continue to be the driving force behind our financial performance and community recognition,” added White. “Their dedication and commitment allows Allianz Life to maintain our strong market position even in tough market conditions.”

    About Allianz Life

    Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2012, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.

    Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York, where products are issued by Allianz Life Insurance Company of New York.

    Allianz Life Insurance Company of North America
    Sara Thurin Rollin, 763-765-6703
    sarathurin.rollin@allianzlife.com

    Source: Allianz Life Insurance Company of North America

    Originally Posted at InsuranceNewsNet on August 3, 2012 by Business Wire, Inc..

    Categories: Sheryl's Articles
    currency